China meets annual growth target despite slowest quarterly expansion in three years

China hit its 5.0 percent 2025 growth target despite a slowing fourth quarter. Record exports balanced weak domestic demand and a persistent property crisis.

Insights:
The world's second-largest economy, China CNCN, released official data on Monday, January 19, 2026, showing that it reached its 5.0 percent annual growth target for 2025. This full-year figure successfully met the government's target of around 5 percent and exceeded the 4.9 percent growth that analysts had previously forecast. However, the headline achievement was tempered by a fourth-quarter gross domestic product expansion of 4.5 percent year-over-year, which represents the slowest quarterly growth rate in three years. Although this 4.5 percent growth met government targets and surpassed the 4.4 percent forecast by analysts, it highlighted a cooling trend from the 4.8 percent growth recorded in the third quarter of 2025.
People walk on a street near a shopping mall in Beijing, China October 19, 2025. REUTERS/Tingshu Wang
People walk on a street near a shopping mall in Beijing, China October 19, 2025. REUTERS/Tingshu Wang
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